If you are not making the payments as agreed upon, yes, he can come and take it at any time. Having a Lien on it means that you owe money.
Not making any/all payments on time is the same as saying "I don't need this car anymore". If you still wanted it you would make all the payments when they are due and do whatever it takes to make sure the payments are made even if you have to work additional jobs.
The ownership arrangements are most likely mentioned in the final divorce decree. Unless you are not acting in accordance to whatever the written arrangements were for ownership, he should not just be able to show up and take it. Hire a lawyer.
The lien is probably still in place, and the fact that it was filed is still on your credit file.
You didn't mention whether or not the lien had been paid and released. There is no statute of limitations on the time period an unpaid tax lien can show on a consumer's credit report. A paid tax lien may show for 7 years from the date the lien is released. A release of lien is the legal disposition of this type of item.
An IRS tax lien means the IRS is placing a lien against your hours or other personal property. This is usually due to you owing the IRS an amount of money. If you cannot pay it within a certain amount of time, they could put a lien on your property, seize it, and sell it in order to make the money they are owed.
Most?? Your wages can be garnisheed, a lien attached to other personal property you own. NO JAIL time...
When property taxes go unpaid, the city holds an annual auction offering individuals looking to buy investment property to purchases as many tax liens as they want. When you purchase a lien, you are not fully purchasing the property. You just paying the property owner's taxes and getting the lien certificate.If the property owner will not pay the tax within the given time, then lien holder can foreclose on the property. If you want to know how to buy tax lien properties visit realestatetaxliennetwork.com
If the lien was not released through your bankruptcy, then it will attach to your first house. A Federal Tax Lien attaches to all property, real and personal, existing at the time the lien is filed and to any property acquired after the filing of the tax lien. If your taxes were discharged in the bankruptcy, the lien probably should have been released. You may want to call the IRS to see if they will issue a release to clear it up. The phone number for the IRS Lien Unit is (800) 913-6050
If you don't make your payments, the lien holder has right to take the car any time.
There is no SOL on a lien. They do generally have a 20 year time frame, after which it expires, BUT it can easily and virtually is automatically, renewed for another 20 years. The lien isn't the debt. It is just a legal notice securing the lien. The debt would remain in any case.
Not necessarily. The old adage of "first in time, first in line" comes into play. To expand, let me explain that, for example, at a real estate closing where both reps of the IRS and State are in attendance, this situation will be discussed by all concerned parties. Usually, it has been predetermined by the attorneys (and tax reps) who is getting what and why. Now, if we are talking about personal property, it doesn't really matter who filed first, but rather who executes first. The existence of a Federal Tax Lien or that of a State tax lien will not prevent either jurisdiction from taking action on personal property. As a matter of fact, the IRS doesn't even need a filed Federal Tax Lien to take action on most personal property, if not all personal property. A Lien arises (non filed) from the mere refusal/inability to pay federal taxes
Property-yes. If you owe a creditor & they get a judgment they can garnish or in some cases put a lien on personal property which must be satisfied at the time of sale.
The lien must be paid at the time of the sale. You can sell your house, but the title company will pay the lien out of your proceeds or require you to come to the table with the money if there is not enough received from the sale. This is because they need to provide clear title to the house to the new owners.
Yes. They repo and sell it for next to nothing. They sue in court and get a jugement that they use to put a lien on your house. Next time buy a cheap car just to get you there and back.